THE Winter Olympics seems to have brought momentary peace between North Korea and the US but this ceasefire could be shortlived. DESPITE some media outlets’ endless fawning over all things North Korea during the Winter Olympics, the catalyst that nearly ...

News North Korea » Finance: North Korea Pulled Out of Olympic Meeting With Pence, U.S. Says

U.S. Vice President Mike Pence was willing to meet with Kim Jong Un’s envoys earlier this month during the Winter Olympics in South Korea, but the North Koreans backed out, the Trump administration said. “North Korea dangled a meeting in hopes of the ...

News North Korea » Finance: North Korea Has A $1.7 Bn Trade Deficit With China, So How Is It Keeping Afloat?

North Korea is under the heaviest sanctions on earth, but it still manages to make money. New economic data shows North Korea operating at a $1.7 billion trade deficit with China. It somehow always operates at deficit, suggesting some hidden commerce.

News North Korea » Finance: The Olympics are tricky terrain for South Korea's mega-conglomerates

Even though North Korea's participation in the games hogged the spotlight in the lead-up to the event, the suspension of Jay Y. Lee's five-year prison term for bribery has raised questions more recently over chaebol reform in South Korea. "The verdict ...

News North Korea » Finance: South Korea to pay nearly $3M for North Korea's Olympic delegation

The decision to finance the North Korean visit was made in January as part of the deal to assist the cash-strapped North. Seoul has used the same "North-South Cooperation Fund" for previous events. South Korea's willingness to help North Korea during what ...

News North Korea » Finance: North Korea hackers and the cryptocurrency crisis

North Korea is believed to have stolen billions of dollars by hacking digital currencies and the rogue nation has been using that money, in part, to build its nuclear program. Naturally, AML Bitcoin’s founder, Marcus Andrade, was not too happy and sent a ...

Like other countries, North Korea uses cyber espionage and cyber sabotage to acquire secrets and harm adversaries. But it stands out from other countries in its use of cybercrime to finance its programs. This is perhaps not surprising given North Korea’s ...

The U.S. has been urging countries not to host the workers as part of a broader effort to cut off the cash North Korea needs to finance its nuclear program. Harris has led U.S. Pacific Command since May 2015. President Donald Trump announced last week that ...

News North Korea » Finance: North Korea says it's not interested in meeting US VP Pence

North Korea's nominal head of state and senior statesman ... I accepted Steve Wynn's resignation as Republican National Committee Finance chair." Statement from RNC Chair Ronna McDaniel: "Today I accepted Steve Wynn’s resignation as Republican National ...

News North Korea » Finance: Report: North Korean Hacking Group Ramps Up Operations

"Primary targets include government, military, defense, finance, energy and electric utility sectors." North Korea has previously denied hacking U.S. targets. Nonetheless, the director of the U.S. Office of National Intelligence warned last week that ...